Preston Doerflinger

Oklahoma Secretary of Finance Preston Doerflinger speaks during a meeting of the State Board of Equalization in Oklahoma City, Monday, June 20, 2016.
Sue Ogrocki / AP

State agencies may see shallower cuts than they expected due to a current $166 million surplus.

That number could decline though, and after Monday’s state Board of Equalization meeting Secretary of Finance Preston Doerflinger wouldn’t guess how much money might be left over. Revenue collections aren’t complete for the month of June, the Sean Murphy with the Associated Press reports:

Finance secretary Preston Doerflinger (left), House Speaker Jeff Hickman (center), and State Sen. Clark Jolley (right) address the budget situation and revenue failure during a Deember 17, 2015 news conference at the state Capitol.
Joe Wertz / StateImpact Oklahoma

A grassroots organization that pushed for an investigation into the Tulsa County Sheriff's Office is now calling on Gov. Mary Fallin to replace Secretary of Finance Preston Doerflinger.

Preston Doerflinger, Office of State Finance director, during a November 2011 tax credit task force meeting.
Joe Wertz / StateImpact Oklahoma

State agencies will be dealing with even deeper cuts this fiscal year, on top of 3 percent reductions caused by Oklahoma’s revenue failure late in 2015.

On Monday, Finance Secretary Preston Doerflinger sent an email to agencies saying the cuts would double starting in March, eCapitol’s Shawn Ashley reports:

Finance secretary Preston Doerflinger (left), House Speaker Jeff Hickman (center), and State Sen. Clark Jolley (right) address the budget situation and revenue failure during a Deember 17, 2015 news conference at the state Capitol.
Joe Wertz / StateImpact Oklahoma

Oklahoma budget officials sounded a dire financial alarm this week – low oil prices have driven state government revenues to failure.

Lawmakers and state finance officials say a projected $900 million hole in next year's state-appropriated budget could grow closer to $1.1 billion when adjusted for one-time expenditures used to plug a hole in the current state budget.

Those numbers will be officially presented to the state Board of Equalization on Monday. Three of the state’s top finance leaders met with reporters at the state Capitol on Thursday to detail the shortfall.

Oklahoma State Capitol
mrlaugh / Flickr

Oklahoma finance officials say revenue collections to the state government's main operating fund are continuing to slide, increasing the possibility of a revenue failure and mandatory cuts in allocations to state agencies before the end of the fiscal year.

The Office of Management and Enterprise Services reported Tuesday that collections to the state's General Revenue Fund in September were about 1 percent below the estimate upon which the current year's budget is based.

Preston Doerflinger, Office of State Finance director, during a November 2011 tax credit task force meeting.
Joe Wertz / StateImpact Oklahoma

Facing a budget hole of more than $611 million, state lawmakers said they're looking everywhere for revenue to fill that hole.

On Friday, Governor Fallin's finance secretary, Preston Doerflinger, said he may have found a source of savings: agency travel costs, agencies' memberships to other organizations and agency promotional and events expenses, or what his office calls "swag."

Gov. Mary Fallin and other state leaders observe a PowerPoint presentation of revenue projections.
Joe Wertz / StateImpact Oklahoma

The State Board of Equalization met Thursday to certify state revenues for Gov. Mary Fallin's budgeting ahead of the next legislative session and fiscal year. Oklahoma has enough revenue to trigger an income tax cut.

The amount of money available to fund state government is trending flat, but officials say lackluster revenues seem manageable.

Prediction: Next Year's State Budget To Be Flat

Nov 13, 2014
Finance Secretary Preston Doerflinger
Oklahoma PCA / Flickr Creative Commons

Secretary of Finance, Administration and Information Technology Preston Doerflinger warned Thursday that next fiscal year’s state appropriated budget will be flat.

Doerflinger’s comments came in his monthly General Revenue Fund report. The report showed General Revenue Fund (GRF) collections in October totaled $471.6 million. That was $3.4 million, or 0.7 percent, above the official estimate upon which the FY2015 appropriated state budget is based and $23.3 million, or 5.2 percent, above prior year collections.

Finance Secretary Preston Doerflinger
Oklahoma PCA / Flickr Creative Commons

Oklahoma finance officials say collections to the state's main operating fund are increasing from last year in most major revenue categories and have exceeded the official estimate by more than 6 percent.

The Office of Management and Enterprise Services reported Tuesday that collections to the state's General Revenue Fund for the first quarter of the fiscal year totaled more than $1.3 billion, which is 6.1 percent above the official estimate. That amount also exceeded prior year collections by 9.4 percent.

Tax Revenue Jump Is Largest In Over A Year

Sep 8, 2014
Oklahoma Treasurer Ken Miller
Joe Wertz / StateImpact Oklahoma

Oklahoma’s August tax collections increased by 7.5 percent, the largest percentage increase in monthly receipts since July 2013, State Treasurer Ken Miller said in a media statement. Miller said August receipts “were just less than $900 million.”

“Oklahoma’s economy continues to climb up the expansion side of the business cycle,” Miller said. “Our people are earning and spending more, as reflected by steady growth in income tax and sales tax receipts.”

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